EC to initiate formal proceedings over possible anti-competitive practices against HeidelbergCement and other companies
First publishedon www.AggBusiness.com
HeidelbergCement has been informed by the European Commission about the decision to initiate formal proceedings in respect of possible anti-competitive practices in the markets of cement and related products in some countries of the European Economic Area.
The Commission has indicated that HeidelbergCement, as well as seven other companies, will be included in these proceedings.
This proceeding is not new, but stems from an investigation launched by the European Commission in November 2008. No concrete allegations have been mentioned so far.
In its notification, the Commission stated that "The initiation of proceedings does not imply that the Commission has conclusive proof of the infringements but merely signifies that the Commission will deal with the case as a matter of priority."
HeidelbergCement cooperates with the European Commission and has transmitted information to the Commission on request.
Own investigations together with external law firms did not confirm the suspected infringements. As such, HeidelbergCement assumes that the company can rebut the suspicions.